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PIP-0020.md

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  PIP: PIP-0020
  Title: 6-month PascalCoin Foundation Budget Appropriations
  Type: Process
  Impact: None
  Author: Herman Schoenfeld <herman@sphere10.com>
  Comments-URI: https://discord.gg/sJqcgtD  (channel #pip-0020)
  Status: Withdrawn
  Created: 2018-05-29

Summary

A PascalCoin Foundation Inc interim-budget appropriations is proposed here in order to allocate funds. It is to be voted on using existing voting infrastructure.

Motivation

With PIP-0011 activation, 20% of block reward is now available for re-investing in eco-system. 100% of funds will be appropriated by and voted community itself, as a DAO.

Budget Proposals

ID Proposal Category Contractor Payment Type Amount Account PRIORITY
1 Full-Time Developer DEVELOPMENT Albert Molina SALARY 150k p/a CRITICAL
2 Full-Time Developer DEVELOPMENT Herman Schoenfeld, Sphere 10 Software SALARY 100k p/a 4029-31 CRITICAL
3 Full-Time Developer DEVELOPMENT Ugochukwu Mmaduekwe SALARY 70k p/a CRITICAL
4 Full-Time Marketeer MARKETING Leonard Burca, ULCO ECommerce LLC SALARY 65k p/a CRITICAL
5 CEO PascalCoin Foundation OPERATIONS Herman Schoenfeld, Sphere 10 Software SALARY 30k p/a CRITICAL
6 NewPascal Sponsorship PIP-0018 Maciej Izak SALARY 70k p/a CRITICAL
7 Lazarus/FPC Bounties PIP-0018 Lazarus Bounty Board FIXED-PRICE 50k LOW
8 Web Design & Development DEVELOPMENT Matt Bolt PAY-PER-HOUR 50 p/h CRITICAL
9 CEO PascalCoin Foundation OPERATIONS Herman Schoenfeld SALARY 20k p/a 4029-31 HIGH
10 GOVBOT Smart-Contract DEVELOPMENT Sphere 10 Software or OTHER FIXED-PRICE 50k HIGH
11 ESCROW Smart-Contract DEVELOPMENT Preben Björn Biermann Madsen PAY-PER-HOUR 50 p/h HIGH
12 ZK-SNARKS R&D DEVELOPMENT Private, NDA-bound PAY-PER-DELIVERABLE 40k LOW
13 Exchange Listings MARKETING Internal Fund PAY-PER-DELIVERABLE 100k LOW
14 Hardware/Mining Tooling DEVELOPMENT Polyminer?? PAY-PER-HOUR ?? HIGH
15 PascalCoin Foundation Setup OPERATIONS Herman Schoenfeld FIXED-PRICE 10k 4029-31 LOW

Disbursements

Proposals are paid daily in PASC using USD spot-price conversions.

Daily-payments are calculated as follows

  • SALARY: this is X / 365 where X = salary
  • FIXED-PRICE: X / (term length) where X = fixed price quantity
  • PAY-PER-HOUR: contractors submit hours and paid on submission
  • PAY-PER-DELIVERABLE: paid manually after deliverable/milestone submission

Priorities

Proposal priorities are relevant if daily foundation revenue falls below daily expenditures. Proposals with highest priority are funded first until funds exhausted. Unfunded proposals are essentially furlowed and contractor must stop working until funding becomes available again.

Rationale

Since time is required to develop and deliver GOVBOT DAO smart-contract in PascalCoin, a PIP-based approach will be used in the interim period.